HCL Tech approves up to $535 million share buyback
| Reuters

MUMBAI HCL Technologies, India's fourth-biggest software services exporter, will buy back shares worth up to 35 billion rupees ($535.5 million), it said on Monday, following a similar move by Tata Consultancy Services last month.

HCL Tech's board approved a repurchase of up to 35 million at 1,000 rupees each, the company said in a stock exchange filing.

TCS, India's top IT firm, in February announced a buyback of shares worth up to 160 billion rupees.